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Chair and CEO position descriptions

Chair and CEO position descriptions

The Board has approved written position descriptions for the Chair of the Board and for the Chair of each of the Board Committees.

In general terms, the Chair of the Board and the Chairs of the Board Committees are responsible for:

  • Ensuring that the Board or Committee is able to fulfill its duties and responsibilities in an effective manner
  • Planning and organizing the activities of the Board or of the Committee
  • Ensuring that delegated Committee functions are carried out and reported as necessary
  • Facilitating effective interaction with management
  • Engaging outside advisors where necessary

The Board has approved a written position description for the President and Chief Executive Officer (the “CEO”). In general terms the CEO is responsible for:

  • Managing the strategic and operational performance of Great-West Lifeco in accordance with the goals, policies and objectives set from time to time by the Board, including developing for the Board’s approval Great-West Lifeco’s strategic plans and initiatives and developing sound operating strategies to implement such plans
  • Managing the day-to-day operations of Great-West Lifeco
  • Developing and implementing policies to identify and manage the risks inherent in Great-West Lifeco’s businesses
  • Creating an operational environment that is performance driven
  • Assisting the Board with succession planning
  • Representing Great-West Lifeco to its major stakeholders